Executive Home Prices in Dallas versus Houston adn San Antonio

Coldwell Banker has been producing its annual home price comparison index since the 1980s. It specifically tracks the comparative price of a 2200 square-foot, single family home with 4 beds, 2 ½ baths, a family room and a 2-car garage in a neighborhood suitable for corporate middle management. At $332,375, such homes in Dallas are the highest in Texas, and are up $6000 on last year’s figures.

Coldwell Banker found the nationwide average price for this type of home would be $363,401, considerably higher than the Dallas average price. In the same survey, by comparison this same type of house would cost $248,960 in San Antonio, $226,500 in Austin, $159,847 in Houston and just $153,450 in Fort Worth.

Other surveys fail to show this huge disparity between Dallas and other Texas cities because Coldwell Banker only uses a narrow range of home listings in specific neighborhoods which would appeal to corporate executives. No-one disputes the fact that you can get a very nice home in the present market for less than $300,000.

Tags: Home Prices, trends

This entry was posted on Friday, January 1st, 2010 at 5:48 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.